SIREN once again exhibited a "controlled" price movement, surging over 130% to $2.28 in seven hours.

According to Mars Finance, on March 25th, SIREN experienced another surge in price over the past seven hours, rising by over 130% to $2.28, with a market capitalization of $1.67 billion. Previously disclosed, the control over SIREN tokens far exceeded expectations, with a single major player suspected of controlling approximately 88.5% of the circulating supply (approximately 644 million tokens, worth approximately $1.44 billion). Among the top 54 holding addresses, excluding the burn addresses and the Binance Web3 wallet, the remaining 52 addresses are highly correlated. 48 of these are recent accumulation addresses, and the remaining 4 addresses' holdings can be traced back to the same batch of purchases made in late June to early July 2023. Analysis indicates that this major player had previously completed the accumulation of approximately 66.5% of the tokens, and combined with CEX holdings, the actual control ratio has further increased. Given the high degree of market control, the market believes that by controlling spot liquidity and engaging in counterparty operations in the derivatives market to generate profits, a "self-directed and self-acted" price mechanism has been formed. This may be the core reason why SIREN has surged by about 30 times in the past month and a half.